iSun Inc (NASDAQ: ISUN) is -20.18% lower on its value in year-to-date trading and has touched a low of $0.13 and a high of $1.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ISUN stock was last observed hovering at around $0.24 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.25, the stock is 28.29% and 23.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 5.17% at the moment leaves the stock -8.14% off its SMA200. ISUN registered -67.99% loss for a year compared to 6-month loss of 14.78%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of -$0.55.
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The stock witnessed a 38.66% gain in the last 1 month and extending the period to 3 months gives it a -24.01%, and is 30.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.71% over the week and 8.86% over the month.
Profit margin for the company is -49.95%. Distance from 52-week low is 99.52% and -77.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-159.53%).
iSun Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $28.04M over the same period.The EPS is expected to shrink by -1.82% this year, but quarterly earnings will post 28.60% year-over-year. Quarterly sales are estimated to grow 8.40% in year-over-year returns.
iSun Inc (ISUN) Top Institutional Holders
39 institutions hold shares in iSun Inc (ISUN), with institutional investors hold 12.95% of the company’s shares. The shares outstanding are 47.33M, and float is at 43.11M with Short Float at 2.05%. Institutions hold 11.80% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 0.34 million shares valued at $0.14 million. The investor’s holdings represent 1.03% of the ISUN Shares outstanding. As of Jun 29, 2023, the second largest holder is Veracity Capital LLC with 0.28 million shares valued at $0.11 million to account for 0.86% of the shares outstanding. The other top investors are Essex Investment Management Co LLC which holds 0.28 million shares representing 0.85% and valued at over $0.11 million, while Renaissance Technologies, LLC holds 0.59% of the shares totaling 0.2 million with a market value of $78200.0.
iSun Inc (ISUN) Insider Activity
The most recent transaction is an insider sale by Meer Claudia Michel,the company’sDirector. SEC filings show that Meer Claudia Michel sold 4,400 shares of the company’s common stock on Sep 18 ’23 at a price of $0.24 per share for a total of $1066.0. Following the sale, the insider now owns 0.12 million shares.
iSun Inc disclosed in a document filed with the SEC on Sep 18 ’23 that Meer Claudia Michel (Director) sold a total of 2,850 shares of the company’s common stock. The trade occurred on Sep 18 ’23 and was made at $0.24 per share for $691.0. Following the transaction, the insider now directly holds 0.12 million shares of the ISUN stock.
Still, SEC filings show that on May 25 ’23, Myrick Frederick JR (Executive Vice President) acquired 20,000 shares at an average price of $0.61 for $12186.0. The insider now directly holds 744,158 shares of iSun Inc (ISUN).
